AES wants to raise prices. How much will your bill go up?

INDIANAPOLIS — AES Indiana is seeking a rate increase.

On Tuesday, the utility company that provides power to the Indianapolis area announced it filed a petition with the Indiana Utility Regulatory Commission (IURC) for a rate review. The requested rate increase, if approved, would be implemented in two phases with a 7.5% increase in quarter two of 2026 and a roughly 6% increase in January 2027.

So, how much would this raise customers' bills?

For a residential customer using 1,000 kilowatt-hours per month (around the average customer's usage), a 13.5% total increase would add an additional $21 per month to their bill.

However, this isn't the only increase customers should expect to see on their bills. In addition to the requested rate increase, AES Indiana customers will see a 6% bill